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Koyo-- the next multibagger 2014/2015
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spursfan
Supreme |
08-Oct-2021 20:39
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Fortress Minerals reports resilient set of results for 1H FY2022 EBITDA increases by 34.0% to US$15.6 million ⚫ Revenue for 1H FY2022 of US$27.3 million exceeds comparative period by 35.8%, driven by record average realised selling price of iron ore of US$142.57/DMT. ⚫ Strong net cash flow generated from operating activities of US$15.6 million in 1H FY2022, backed by increasing underlying EBITDA. ⚫ Group remains well-positioned to execute growth plans and stay resilient with its disciplined capital allocation into strategic assets and infrastructure, and continued progress at Bukit Besi and Mengapur. https://links.sgx.com/1.0.0/corporate-announcements/L9Y9HTII4QKHEG6Y/686162_2QFY2022%20Results%20Press%20Release.pdf | ||||
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Joelton
Supreme |
27-Sep-2021 09:17
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Fortress Minerals
Between Sept 17 and 20, Fortress Minerals $ FortressMinerals: OAJ -2.5% non-executive and non-independent director Loong Ching Hong acquired 60,000 shares of the Catalist-listed company for a consideration of S$23,850.
At 39.8 cents per share, this took his total interest in Fortress Minerals from 1.44 per cent to 1.45 per cent. Mr Loong has increased his total interest from 1.31 per cent at the end of 2020.
Fortress Minerals Group is a leading iron ore concentrate producer in Malaysia, producing magnetite iron ore concentrate mined from the East, Valley and West Deposits in the Bukit Besi Mine, primarily sold to steel mills and trading companies in China and Malaysia.
On July 14, Fortress Minerals reported its Q1FY22 (ended May 31) revenue of US$17.3 million, which was up 143.8 per cent from Q1FY21, on the back of a 61.6 per cent increase in sales volume with a record average realised selling price of iron ore.
Fortress Minerals is expected to report its H1FY22 results in early October.
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Andrew123
Master |
01-Sep-2021 14:47
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loaded more at 48. steel is moving up! |
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Andrew123
Master |
01-Sep-2021 09:19
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good time to load more | ||||
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Blue_Dragon
Member |
31-Aug-2021 13:25
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China-Australia trade: iron ore miner Fortescue set earnings, shipment records in past financial year Since prices hit an all-time high of more than US$230 a tonne in May, prices for the steelmaking ingredient have fallen with Chinese authorities curbing output Beijing blocked several goods amid its protracted geopolitical conflict with Canberra, but iron ore shipments are still welcomed with open arms 31-Aug-2021. South China Morning Post. | ||||
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SmallSmall
Supreme |
27-Aug-2021 08:33
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The Iron ore price rose on Thursday, buoyed by hopes of a pick-up in steel demand in China. China&rsquo s success in stamping out its covid-19 outbreak also bolstered the outlook for commodities from copper to oil. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $152.92 a tonne, up 2.7% from Wednesday&rsquo s closing.The most-traded iron ore contract for January delivery on China&rsquo s Dalian Commodity Exchange ended daytime trading 0.7% higher at 816 yuan ($125.89) a tonne.
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CheongArgh
Master |
26-Aug-2021 15:42
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Andrew123
Master |
26-Aug-2021 15:41
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this horse suddenly so power up today...hee hee | ||||
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Stocksguru
Master |
17-Aug-2021 12:12
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wow no wander look like going down hill to 30 cents
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superstartup
Supreme |
17-Aug-2021 12:09
Yells: "Enjoy doing Fundamental Research" |
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Iron ore price dropped substantially
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Stocksguru
Master |
17-Aug-2021 11:52
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what hapen to this stock why keep lao sai | ||||
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phongy45
Senior |
02-Aug-2021 20:15
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any revision from phillip??? .... 0.63
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superlegend
Member |
02-Aug-2021 13:56
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Singapore has been weaving in and out of heightened alert across the month due to the rise in COVID cases in the middle of the month. Lots of disappointments across the nation have been raised especially from the F& B sectors. Stocks were however not as negative as some of the indexes such as Dow Jones, clinching all-time highs. We have found 7 stocks listed on the SGX for you to take note for the month of August. https://www.smallcapasia.com/sg-7-interesting-stock-ideas-for-august-2021/ |
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muifan
Supreme |
16-Jul-2021 19:23
Yells: "Take the leap of faith dont regret 20 years later!" |
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Southern Alliance also announced new JV exploration .... |
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PhillipTan
Supreme |
16-Jul-2021 16:52
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Phillip raises Fortress Minerals TP to 81 cents amid strong iron ore pricesWhile maintaining a " buy" rating for Fortress Minerals, Phillip Securities has raised its target price for the iron ore mining company to 81 cents from 64 cents previously.This comes after Fortress posted a stellar set of results for 1QFY2022 ended May 31. According to Phillip, the company is expected outperform ahead amid strong iron ore prices and favourable demand and supply dynamics. The brokerage has raised its FY2022 earnings forecast for the company by 41%. Citing figures from the World Steel Association, Phillip notes that global steel demand will grow 5.8% in 2021 to 1.87 billion tonnes, after dipping 0.2% in 2020. Global steel demand will further grow 2.7% to 1.92 billion tonnes in 2022, it adds. On the other hand, global iron-ore supply is facing uncertainties. Major Brazilian iron-ore producer, Vale, recorded a q-o-q decline in iron ore sales of 28.4%, due to operational issues and maintenance at its S11D mine. As such, Phillip has now raised its average selling prices forecast by 37% to US$140 per dry metric tonne. Fortunately for Fortress, the company' s mining operations are gradually reopening despite the Covid-19 restrictive measures imposed by the Malaysian government. Certain states, such as Terengganu and Pahang where the company' s mines are located, have moved to Phase 2 of a 4-phase National Recovery Plan. Phillip points out that the company' s Bukit Besi mine has gradually returned to " normalcy" , after resuming at an approved worker capacity of 80% on July 5. " Catalysts are expected from an increase in production and strong iron-ore prices," Phillip analyst Vivian Ye writes in a note dated July 16. |
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xKaiseRx
Veteran |
15-Jul-2021 15:08
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trap | ||||
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Joelton
Supreme |
15-Jul-2021 09:26
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Fortress Minerals Q1 net profit more than triples to US$7.2m on record revenue
FORTRESS Minerals saw record revenue of US$17.3 million for the first quarter ended May 31, nearly one-and-a-half times the US$7.1 million figure for the year-ago period.
Net profit more than tripled to US$7.2 million, up from US$2.2 million in the year-ago period.
The Malaysian producer and exporter of iron ore concentrate attributed its results to increased sales volume and strong iron ore prices.
Revenue was underpinned by resilient demand from regional steel mill customers, and with the average realised selling price of iron ore up 50.6 per cent year on year, at US$143 per dry tonne.
Earnings per share for the quarter were 1.44 US cents, compared to 0.43 US cents for the year-ago quarter. No dividend was declared.
With authorities having reopened most sectors in several states where Fortress Minerals operates, the group' s mining and production operations have gradually returned to normalcy since July 5, said Fortress Minerals executive director and chief executive officer Ivan Chee.
Fortress Minerals said it would focus on ramping up production in its Bukit Besi mine, and endeavour to start production of iron ore at Mengapur at the end of the financial year ended Feb 28, 2022, as originally planned.
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PhillipTan
Supreme |
15-Jul-2021 01:16
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Fortress Minerals Q1 net profit more than triples to US$7.2m on record revenueFortress Minerals saw record revenue of US$17.3 million for the first quarter ended May 31, nearly one-and-a-half times the US$7.1 million figure for the year-ago period.Net profit more than tripled to US$7.2 million, up from US$2.2 million in the year-ago period. The Malaysian producer and exporter of iron ore concentrate attributed its results to increased sales volume and strong iron ore prices. Revenue was underpinned by resilient demand from regional steel mill customers, and with the average realised selling price of iron ore up 50.6 per cent year on year, at US$143 per dry tonne. Earnings per share for the quarter were 1.44 US cents, compared to 0.43 US cents for the year-ago quarter. No dividend was declared. With authorities having reopened most sectors in several states where Fortress Minerals operates, the group' s mining and production operations have gradually returned to normalcy since July 5, said Fortress Minerals executive director and chief executive officer Ivan Chee. Fortress Minerals said it would focus on ramping up production in its Bukit Besi mine, and endeavour to start production of iron ore at Mengapur at the end of the financial year ended Feb 28, 2022, as originally planned. Fortress Minerals shares closed down S$0.01 or 1.56 per cent at S$0.63 on Wednesday before the results release. |
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Atom99
Master |
14-Jul-2021 19:16
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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Revenue of US$17.3 million outpaced the comparative period by 143.8%, driven by 61.6% increase in sales volume with record average realised selling price of iron ore of US$143/DMT. Superior gross profit margin of 80.5% achieved, supported by strong iron ore prices and sustained low average unit cost of sales with higher production volume. EBITDA increased 188.0% year-on-year (&ldquo yoy&rdquo ) to US$10.3 million with strong net cash flow generated from operating activities of US$9.3 million during the period.
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Atom99
Master |
14-Jul-2021 19:13
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
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https://links.sgx.com/1.0.0/corporate-announcements/QZ63PDQTZHYBL03B/c227c2f64da4d85367f87ac914040eaa20ff8a31af54dd32c97a8db3106baf10
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